"US Government's Crypto Crackdown: Bitcoin Mining's Energy Consumption Sparks Emergency Declaration"

The Biden administration has declared an "emergency" and issued a data collection request to bitcoin and crypto miners, seeking information on their energy usage, following a surge in bitcoin's price. This move has sparked fears of a government crackdown on the bitcoin mining industry, with some seeing it as a battle between bitcoin and the U.S. dollar. The surge in the supply of U.S. dollars and debt has galvanized bitcoin supporters who fear the imminent collapse of the U.S. dollar, while the bitcoin price has rocketed back, boosting the wider crypto market.